IA Clarington Canadian Conservative Equity GIF - Guarantee A

Industrial Alliance Insurance and Financial Services Inc. is the sole issuer of the individual variable annuity contract providing for investment in IA Clarington GIFs. A description of the key features of the individual variable annuity contract is contained in the IA Clarington GIFs Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEE, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE OWNER AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE SEGREGATED FUND. Commissions, service fees, management fees, insurance fees and expenses all may be associated with this investment. Please read the Information Folder before investing. 
The rates of return are the historical returns of Series A units of the underlying mutual fund including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any policyholder that would have reduced returns, performance, rate of return, or yield. 
The underlying fund is a successor to Associate Investors Limited ("AIL"), a mutual fund corporation, which sold all of its assets to the IA Clarington Canadian Conservative Equity Fund in September 2000. Performance information for periods prior to September 2000 reflects the performance of AIL. 
Segregated fund fees are higher than mutual fund fees because they include a management fee and an insurance fee component. Performance of the underlying mutual fund is not guaranteed, unit values change frequently and past performance may not be repeated.